Samsara Inc. (NYSE:IOT – Get Free Report) CEO Sanjit Biswas sold 61,283 shares of Samsara stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $33.87, for a total transaction of $2,075,655.21. Following the transaction, the chief executive officer owned 1,351,671 shares in the company, valued at $45,781,096.77. This represents a 4.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sanjit Biswas also recently made the following trade(s):
- On Tuesday, July 21st, Sanjit Biswas sold 202,617 shares of Samsara stock. The stock was sold at an average price of $36.81, for a total value of $7,458,331.77.
- On Wednesday, July 8th, Sanjit Biswas sold 19,095 shares of Samsara stock. The stock was sold at an average price of $35.09, for a total value of $670,043.55.
- On Tuesday, July 7th, Sanjit Biswas sold 244,805 shares of Samsara stock. The shares were sold at an average price of $36.77, for a total value of $9,001,479.85.
- On Thursday, May 28th, Sanjit Biswas sold 31,081 shares of Samsara stock. The stock was sold at an average price of $31.21, for a total value of $970,038.01.
- On Wednesday, May 27th, Sanjit Biswas sold 128,159 shares of Samsara stock. The stock was sold at an average price of $30.03, for a total value of $3,848,614.77.
- On Tuesday, May 26th, Sanjit Biswas sold 104,660 shares of Samsara stock. The shares were sold at an average price of $31.10, for a total value of $3,254,926.00.
- On Wednesday, May 13th, Sanjit Biswas sold 95,628 shares of Samsara stock. The shares were sold at an average price of $27.47, for a total value of $2,626,901.16.
- On Tuesday, May 12th, Sanjit Biswas sold 168,272 shares of Samsara stock. The stock was sold at an average price of $28.58, for a total transaction of $4,809,213.76.
- On Thursday, April 30th, Sanjit Biswas sold 72,958 shares of Samsara stock. The shares were sold at an average price of $28.49, for a total transaction of $2,078,573.42.
- On Wednesday, April 29th, Sanjit Biswas sold 87,067 shares of Samsara stock. The stock was sold at an average price of $29.05, for a total transaction of $2,529,296.35.
Samsara Stock Performance
IOT opened at $35.89 on Friday. The stock has a market cap of $20.91 billion, a price-to-earnings ratio of 358.96, a price-to-earnings-growth ratio of 8.70 and a beta of 1.35. The firm’s fifty day moving average is $34.29 and its 200 day moving average is $31.48. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. USS Investment Management Ltd bought a new stake in Samsara during the first quarter worth approximately $28,232,000. Allen Operations LLC lifted its stake in shares of Samsara by 83.3% in the 4th quarter. Allen Operations LLC now owns 66,020 shares of the company’s stock valued at $2,340,000 after purchasing an additional 30,000 shares during the last quarter. Spyglass Capital Management LLC boosted its holdings in shares of Samsara by 25.5% in the 1st quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock worth $93,379,000 after purchasing an additional 599,651 shares during the period. Geode Capital Management LLC increased its position in shares of Samsara by 17.8% during the 4th quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company’s stock valued at $219,035,000 after purchasing an additional 935,855 shares during the last quarter. Finally, Jordan Park Trust Co LLC increased its position in shares of Samsara by 54.1% during the 4th quarter. Jordan Park Trust Co LLC now owns 3,833,929 shares of the company’s stock valued at $135,913,000 after purchasing an additional 1,346,628 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.
Analysts Set New Price Targets
IOT has been the subject of several recent analyst reports. Guggenheim began coverage on Samsara in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $45.00 price target for the company. Zacks Research lowered shares of Samsara from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. BTIG Research reiterated a “buy” rating and issued a $45.00 price target on shares of Samsara in a report on Friday, June 26th. Royal Bank Of Canada increased their price objective on shares of Samsara from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Finally, TD Cowen reiterated a “buy” rating and issued a $45.00 target price on shares of Samsara in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.33.
Read Our Latest Stock Analysis on IOT
About Samsara
Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.
The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.
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